American Express CFO says spending picked up at year-end, thanks to millennials and Gen Z

Key Points

American Express’ affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC.
Spending on AmEx cards jumped 8% year over year in the fourth quarter after slowing down from a 7% growth rate early in the year to 6% in the second and third quarters, according to the firm’s earnings presentation.
The pickup was especially fueled by millennials and Gen Z users, who spent more on experiences such as travel and entertainment.

Source

Finance

Stocks making the biggest moves midday: Fannie Mae, Boston Scientific, Blackstone, Palo Alto Networks and more

March 30, 2026

Check out the companies making the biggest moves in midday trading: Fannie Mae , Freddie Mac — Shares of the mortgage financing companies rallied after Pershing Square Capital Management’s Bill Ackman said in an X post late Sunday that the stocks are “stupidly cheap.” The billionaire investor suggested shares could rise 10-fold. Shares of Federal […]

Finance

Bill Ackman says it’s one of the best times in a long time to buy quality stocks

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Key Points Bill Ackman urged investors to look past macro fears and lean into what he sees as deeply discounted opportunities. His bullish stance comes at a time when markets have been rattled by rising energy prices and sticky inflation concerns. Source

Finance

Watch Fed Chair Jerome Powell speak live to an economics class at Harvard

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[The stream is slated to start at 10:30 a.m. ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a player above.] Federal Reserve Chair Jerome Powell speaks Monday to the Harvard University Principles of Economics class. This will be one of Powell’s final scheduled […]